Equities Analysts Set Expectations for Agnico Eagle Mines Ltd’s Q4 2017 Earnings (AEM)
Agnico Eagle Mines Ltd (TSE:AEM) (NYSE:AEM) – Research analysts at Cormark increased their Q4 2017 earnings per share (EPS) estimates for Agnico Eagle Mines in a report released on Thursday. Cormark analyst R. Gray now forecasts that the company will post earnings per share of $0.15 for the quarter, up from their prior estimate of $0.10. Cormark also issued estimates for Agnico Eagle Mines’ Q1 2018 earnings at $0.23 EPS, Q2 2018 earnings at $0.23 EPS, Q3 2018 earnings at $0.22 EPS and Q4 2018 earnings at $0.22 EPS.
Several other brokerages have also issued reports on AEM. TD Securities lifted their target price on shares of Agnico Eagle Mines to C$65.00 and gave the company a “hold” rating in a research report on Thursday, August 3rd. Canaccord Genuity lifted their target price on shares of Agnico Eagle Mines from C$73.00 to C$76.00 in a research report on Friday, September 29th. National Bank Financial upgraded shares of Agnico Eagle Mines from a “sector perform” rating to an “outperform” rating in a research report on Sunday, July 23rd. Finally, Royal Bank Of Canada reiterated a “sector perform” rating on shares of Agnico Eagle Mines in a research report on Monday, September 11th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Agnico Eagle Mines presently has an average rating of “Buy” and an average target price of C$66.75.
Agnico Eagle Mines (TSE AEM) opened at 58.33 on Friday. Agnico Eagle Mines has a one year low of $46.91 and a one year high of $71.15. The company has a 50-day moving average of $57.60 and a 200 day moving average of $60.39. The company has a market cap of $13.49 billion and a P/E ratio of 53.61.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be given a $0.137 dividend. This is a positive change from Agnico Eagle Mines’s previous quarterly dividend of $0.10. The ex-dividend date is Thursday, November 30th. This represents a $0.55 annualized dividend and a dividend yield of 0.94%.
In other news, Director John Merfyn Roberts sold 1,000 shares of Agnico Eagle Mines stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of C$58.00, for a total value of C$58,000.00. Also, Director Deborah Mccombe bought 500 shares of the company’s stock in a transaction dated Tuesday, September 19th. The stock was bought at an average price of C$58.24 per share, for a total transaction of C$29,120.00.
Agnico Eagle Mines Company Profile
Agnico Eagle Mines Limited is a gold producer with mining operations in northwestern Quebec, northern Mexico, northern Finland and Nunavut and exploration activities in Canada, Europe, Latin America and the United States. The Company operates through three business units. The Northern Business consists of its operations in Canada and Finland.
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